Washington County Community Foundation Inc
- Assets
- $28.1m
- Revenue
- $1.0m
- Investments
- $28.0m
- Employees
- 6
- Location
- Salem, IN
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 35-1883377
Organization Overview
Washington County Community Foundation Inc is located in Salem, IN. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Washington County Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington County Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Washington County Community Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Washington County Community Foundation Inc has awarded 141 individual grants totaling $3,262,445. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FOUNDATION WHICH SECURES PERMANENT FUNDS FOR FUNDING CHARITABLE CAUSES AND COMMUNITY PROJECTS IN ORDER TO ENHANCE COMMUNITY WIDE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO LOCAL ORGANIZATIONS TO ASSIST IN VARIOUS COMMUNITY RELATED PROJECTS, DISTRIBUTIONS TO BENEFICIARIES OF DESIGNATED GRANTS, SUPPORT IN THE AFFAIRS AND PROGRAMS OF THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Mcknight President | OfficerTrustee | 0.5 | $0 |
Mike Motsinger Vice-President | OfficerTrustee | 0.5 | $0 |
Steven Hunt Secretary | OfficerTrustee | 0.5 | $0 |
Tanya Dustin Treasurer | OfficerTrustee | 0.5 | $0 |
Adam Kelly Board Member | Trustee | 0.5 | $0 |
Linda Baird Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $891,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $891,615 |
| Total Program Service Revenue | $0 |
| Investment income | $730,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$608,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $899,711 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,223 |
| Compensation of current officers, directors, key employees. | $12,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,313 |
| Payroll taxes | $19,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,068 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$68,015 |
| Advertising and promotion | $10,335 |
| Office expenses | $5,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,631 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,888 |
| All other expenses | $14,412 |
| Total functional expenses | $1,291,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,387 |
| Savings and temporary cash investments | $20,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,963,912 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,805 |
| Total assets | $28,098,816 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $11,879 |
| Deferred revenue | $378,295 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,805,080 |
| Total liabilities | $4,195,254 |
| Net assets without donor restrictions | $13,971,923 |
| Net assets with donor restrictions | $9,931,639 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,098,816 |
Grants Awarded
Over the last fiscal year, Washington County Community Foundation Inc has awarded $762,019 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SALEM EDUCATION FOUNDATION PURPOSE: EDUCATION | $114,857 |
WASHINGTON COUNTY HISTORICAL SOCIETY INC (STEVENS MUSEUM) PURPOSE: HISTORIC PRESERVATION | $112,465 |
WEST WASHINGTON SCHOOL CORPORATION PURPOSE: EDUCATION SCHOLARSHIPS | $28,984 |
CITY OF SALEM PURPOSE: INFRASTRUCTURE | $54,115 |
EAST WASHINGTON DOLLARS FOR SCHOLARS PURPOSE: EDUCATION SCHOLARSHIPS | $35,634 |
DARE TO CARE FOOD BANK PURPOSE: FEED NEEDY CHILDREN | $6,000 |